Geode Capital Management LLC raised its holdings in shares of National Grid Transco, PLC (NYSE:NGG) by 54.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,450 shares of the utilities provider’s stock after purchasing an additional 7,223 shares during the period. Geode Capital Management LLC’s holdings in National Grid Transco, PLC were worth $1,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NGG. Russell Investments Group Ltd. increased its stake in shares of National Grid Transco, PLC by 0.3% during the first quarter. Russell Investments Group Ltd. now owns 375,322 shares of the utilities provider’s stock valued at $23,811,000 after purchasing an additional 1,193 shares in the last quarter. Capital One National Association increased its stake in shares of National Grid Transco, PLC by 72.0% during the first quarter. Capital One National Association now owns 6,364 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 2,663 shares in the last quarter. First Trust Advisors LP increased its stake in shares of National Grid Transco, PLC by 0.8% during the first quarter. First Trust Advisors LP now owns 5,740 shares of the utilities provider’s stock valued at $364,000 after purchasing an additional 43 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of National Grid Transco, PLC by 7.2% during the first quarter. Advisors Asset Management Inc. now owns 28,749 shares of the utilities provider’s stock valued at $1,825,000 after purchasing an additional 1,935 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of National Grid Transco, PLC by 11.0% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 4,026 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 400 shares in the last quarter. 5.38% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on NGG shares. BidaskClub downgraded shares of National Grid Transco, PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Citigroup Inc raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Saturday, June 17th. Bank of America Corporation raised shares of National Grid Transco, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Finally, HSBC Holdings plc raised shares of National Grid Transco, PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. National Grid Transco, PLC presently has a consensus rating of “Hold” and an average price target of $70.50.

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Shares of National Grid Transco, PLC (NGG) traded down 0.09% during midday trading on Monday, hitting $63.77. 353,048 shares of the company traded hands. The company has a 50-day moving average price of $62.94 and a 200-day moving average price of $66.52. The stock has a market capitalization of $43.89 billion, a P/E ratio of 4.41 and a beta of 0.44. National Grid Transco, PLC has a 52 week low of $60.08 and a 52 week high of $79.51.

National Grid Transco, PLC Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

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Institutional Ownership by Quarter for National Grid Transco, PLC (NYSE:NGG)

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